India's Tata Motors posts slump in first-quarter profit
The Jaguar Land Rover-owner reported a profit of 39.24 billion rupees ($447.8 million), down from 105.14 billion rupees a year ago.
The company said on Friday that it had restated last year's profit to include a one-time gain of 49.75 billion rupees from selling its financing arm to non-bank lender Tata Capital.
($1 = 87.6200 Indian rupees)
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